511 Basswood Place – Property Summary
Key Characteristics & Buyer Profile
This 1911 home on Basswood Place offers 1,312 sq. ft. of living space on a 2,750 sq. ft. lot. Within its immediate street, it sits slightly above average in assessed value ($371,000) and is one of the older homes, built earlier than most neighbours. In the broader Wolseley area, the property is close to the community average on most metrics—size, value, and age—though its lot is smaller than the neighbourhood norm. Citywide, it lands very close to the median for living area and assessed price, while the land footprint is well below the Winnipeg average.
The appeal here is balance. You get a house that’s in line with its surroundings in size and tax assessment, but on a more compact lot—something that might suit someone who wants the character and walkability of Wolseley without the maintenance of a larger yard. The age of the home (1911) means it likely has original details, but buyers should be comfortable with the realities of an older structure. This property would work well for someone looking for a representative Wolseley home at a middle-of-the-pack price point, especially if they’re less concerned with outdoor space and more focused on location and character.
Frequently Asked Questions
1. How does this home’s size compare to others in Wolseley?
It’s nearly identical to the street average (1,301 sq. ft.) and a bit smaller than the broader Wolseley average (1,622 sq. ft.). So it’s typical for the immediate block but on the smaller side for the wider neighbourhood.
2. Is the assessed value of $371,000 reasonable for the area?
Yes. It’s above the street average ($337,000) but right at the neighbourhood average ($371,000) and slightly below the city median ($390,000). The assessment aligns well with local comparables.
3. The lot is only 2,750 sq. ft.—is that common for Wolseley?
Not especially. The average lot in Wolseley is about 3,434 sq. ft., so this one is noticeably smaller. Citywide, it’s even more of a difference, since the average Winnipeg lot is 6,570 sq. ft. This is a yard you can manage quickly, but you won’t have a large outdoor area.
4. What should I know about a home built in 1911?
It’s older than most homes on the street and in the city. That often means solid construction, possibly with original woodwork or plaster, but also potential issues with insulation, wiring, plumbing, or foundation. A thorough inspection is recommended. Properties of this vintage can be rewarding for someone who appreciates older homes, but they do require ongoing maintenance.
5. How does this property rank overall in its street and community?
On Basswood Place (53 homes), it ranks in the top quarter for assessed value and in the top third for living area. It’s older than most on the street and roughly middle of the pack for lot size. In Wolseley, it’s very close to the median on most measures, making it a fairly typical home for the area—neither a standout bargain nor an outlier in price or size.